PRG TRUSTEES LIMITED

Executive Summary

PRG TRUSTEES LIMITED is a dormant private limited company with negligible financial activity and nominal net assets, presenting a low risk of operational or solvency issues at present. The company demonstrates good compliance with filing requirements and stable professional governance, though the dormant status limits insight into future business prospects. Further verification of director data and the company’s strategic intent is advisable to fully assess operational stability.

PRG TRUSTEES LIMITED - Analysis Report

Company Number: SC714840

Analysis Date: 2025-07-19 12:07 UTC

1. Risk Rating: LOW
   The company is classified as dormant with minimal financial activity, holding only nominal cash and net assets (£3). There are no overdue filings and the company is active with no signs of financial distress or insolvency.

2. Key Concerns:

• Dormant status indicates no trading or operational revenue, which implies no current business activity or income generation.
• Extremely low asset base (net assets of £3) means no financial buffer or resources to meet liabilities beyond nominal amounts.
• The director appointment date for one director is shown as post the latest accounts date (April 2025), which may suggest data inconsistency or an administrative anomaly to clarify.

3. Positive Indicators:

• Compliance appears satisfactory with all statutory filings up to date and no overdue accounts or confirmation statements.
• Directors are qualified solicitors, indicating professional management aligned with the company’s SIC code for solicitors.
• Clear ownership structure with three Persons of Significant Control (PSCs), each holding 25-50% shares and voting rights, suggesting stable governance.

4. Due Diligence Notes:

• Verify the reason for dormant status and whether the company intends to commence trading or remains as a holding or shelf company.
• Confirm the accuracy of director appointment dates and roles, especially the future date listed for Mrs. Gabriella Watt, to rule out administrative errors or data entry issues.
• Investigate any inter-company relationships with the PRG Partnership Solicitors LLP (website domain prg.co.uk) to understand the operational context and risk exposure.